A Solid Week

Contract activity for April 6 - 12, 2025, in the Virginia Countryside and West Virginia Panhandle area was up 9.8% compared to the same seven-day period last year.

Key Takeaways

• This past week, both jurisdictions posted increases in new contract activity. That’s a welcome change from the see-saw, one-up, one-down we have seen much of this year between the Virginia Countryside and the West Virginia Panhandle.
• The 225 total new contracts last week represent a very solid 22% increase from the 185 contracts just one week before.
• Homes did take a bit longer to sell compared to this time last year. The average days on the market for homes going under contract last week was 37 days, and was 26 days last year.

Why it Matters

• We’re not sugarcoating the uncertainty and anxiety that exists in the region. Add to that the volatility in the stock market, and we could be looking at a prescription for a very quiet market.
• The fact that overall year-to-date new contract activity is down only 6.5% is actually pretty remarkable.

The Real Estate Details

• Virginia Countryside was up 17.8%, and is down 4.3% year-to-date.
• West Virginia Panhandle was up 2.8% and is down 6.5% year-to-date.